Terra Tech Corp (OTCMKTS:TRTC) Remains Undervalued

The election of November 2016 brought forth a level enthusiasm for the cannabis sector not seen since the dot com era back in the mid-nineties when the tech sector experienced an unprecedented level of irrational exuberance. IPO's were regularly flying through the ceiling with wildly overvalued stock prices that seemed to be based solely on the fact that the tech company’s name had the characters .com attached the end of it.The cannabis sector is currently undergoing a similar phenomenon. In much the same way that internet related companies in the mid-nineties were over-valued because they were considered part of a revolutionary new up-and-coming industry, cannabis related businesses are similarly regarded as part of a new and emerging industry on which to capitalize on.Currently, most, if not all stocks in the cannabis sector are trading down from the highs they enjoyed from the brief period of excitement which elevated cannabis stock prices for just about the entire sector. The new highs that the stocks in the cannabis sector were experiencing did not last very long. Profit-taking, short-selling, and a general sense that the initial hysteria caused many of the stock to be a bit over-bought.Add to that the uncertainty and downward market pressure generated by the mixed signals that the incoming Trump administration has been putting out regarding the enforcement of federal marijuana laws, and it’s no wonder investors are becoming a bit uneasy about initiating any new positions in the sector.However, just like the tech giants that emanated from the dot com era after its shakeout, so too will there be good thing to be had by the cannabis companies that remain standing when the new-industry cycle runs its course. Terra Tech Corp (OTCMKTS:TRTC)is well positioned to remain standing after the impending cannabis shakeout.Terra Tech Corp operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC.Blüm's retail medical cannabis facilities focused on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. Blüm offers a broad selection of medical cannabis products including; flowers, concentrates and edibles through its Oakland, CA, and multiple Nevada locations.IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces medical cannabis-extracted products for regulated medical cannabis dispensaries throughout California.The Company's wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Winn-Dixie, Raley's, Meijer, Kroger, and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, Pennsylvania and the Midwest.Terra Tech's MediFarm LLC subsidiaries are focused on medical cannabis cultivation and permitting businesses throughout Nevada.Remaining consistent with its expansion strategy, on May 24, 2017, Terra Tech Corp announced that it launched a new "Craft Cultivation" model to expand its cultivation capabilities, signing its first "Craft Cultivator" in Northern California. This farm, which is approved for up to one full acre (approximately 44,000 square feet) of cannabis cultivation and uses 22,000 square feet of engineered greenhouse space, is estimated to yield approximately one metric ton of the Company's proprietary high grade "IVXX" cannabis on an annual basis. Derek Peterson, CEO of Terra Tech Corp., commented:

"We are proud to be implementing environmentally sustainable practices, and operating in a region and on an isolated site that lends itself to contaminant-free cultivation. Each Craft Cultivator is hand selected because of their unique ability to produce high quality product using sustainable farming practices. Working with artisanal growers and using an all-natural cultivation methodology aligns with our commitment to producing premium quality cannabis products for our customers. We are pleased to expand our cultivation footprint while allowing IVXX to elevate in both quality and consistency. This extension of our cultivation capabilities into the Emerald Triangle, home to some of the world's finest cannabis, will help us to expand both the Company's product line and margins over the coming year."

In an effort to better prepare itself to uplist to a major stock exchange, Terra Tech Corp announced on June 06, 2017, a change in its Board of Directors. Effective June 1, 2017, Michael Vande Vrede, Steven Vande Vrede, and Amy Almsteier, one of the original co-founders of the Company, resigned from Terra Tech's Board of Directors. The Company plans to add more independent directors to the Board to enhance its independent oversight by incorporating best practices in corporate governance. Derek Peterson, Kenneth Vande Vrede, Michael Nahass, Kenneth Krueger and Steven Ross will remain on the Board of Directors.

TRTC stock hasn’t had much movement since our last review May 24, 2017. The stock is currently trading at $.1675. Current market capitalization stands at $99.29 million, on 591.04 million shares outstanding as of June 16, 2017. Terra Tech Corp does have steady revenues, and a decent balance sheet to get through the rough patch that the cannabis sector is experiencing. The cannabis industry, including Terra Tech Corp, is not going away. Be sure to check out our complete coverage on TRTC. We will be updating our subscribers as soon as we know more. For the latest updates on TRTC, sign up below!Disclosure: We have no position in TRTC and have not been compensated for this article.Image courtesy of Ben Rollman via Flickr.